WITHHOLDING TAX

WITHHOLDING TAX

SALE OF IMMOVEABLE PROPERTY BY NON-RESIDENT SELLER – SECTION 35A OF THE INCOME TAX ACT NO. 58 OF 1962 EFFECT OF SECTION 35A OF THE INCOME TAX Section 35A of the Income Tax Act (“the Act”) came into effect on the 27th of September 2007 and has since imposed certain...
SALE OF DECEASED ESTATE PROPERTY

SALE OF DECEASED ESTATE PROPERTY

Section 42(2) of the Administration of Estates Act 66 of 1965 provides that any executor who desires to effect the transfer of any immoveable property in pursuance of a sale shall lodge with the registration officer, in addition to any other such deed or document, a...
PROPERTY BUYING TIPS FOR FIRST-TIME BUYERS

PROPERTY BUYING TIPS FOR FIRST-TIME BUYERS

PROPERTY BUYING TIPS FOR FIRST-TIME BUYERS Buying a property is a big decision and a big investment. And for that reason, it is imperative to be well-informed before making such a life-changing decision. The following basic tips will help you make an informed...
Sale of land, Transfer and Registration Process.

Sale of land, Transfer and Registration Process.

The formalities in respect of sale of land (property) in South Africa: Section 2 of the Alienation of Land Act 68 of 1981 (“the Act”) provides that “No alienation of land after the commencement of this section, shall subject to the provisions of section 28, be of any...